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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table provides changes in the components of accumulated other comprehensive income (loss), net of the related income tax effects.

(in thousands)
Cash Flow Hedges
Pension and Postretirement Plans
Total
Balance as of December 31, 2013
$
12,178

$
(32,245
)
$
(20,067
)
Other comprehensive income (loss) before reclassifications
(287
)
(2,136
)
(2,423
)
Amounts reclassified from accumulated other comprehensive income (loss)
(4,748
)
6,739

1,991

Change in accumulated other comprehensive income (loss)
(5,035
)
4,603

(432
)
Balance as of June 30, 2014
$
7,143

$
(27,642
)
$
(20,499
)


The following table provides details of the reclassifications out of accumulated other comprehensive income (loss).
 
Three months ended
Three months ended
 
 
June 30, 2014
June 30, 2013
 
(in thousands)
Amounts Reclassified
Line Item Where Presented
Gains (losses) on cash flow hedges:
 
 
 
Commodity contracts
$
5,735

$
4,503

Gain (loss) on derivative instruments, net
Interest rate swap
(1,588
)
(426
)
Interest expense
Total cash flow hedges
4,147

4,077

 
Income tax expense
(1,623
)
(1,562
)
 
Net of tax
2,524

2,515

 
Pension and postretirement plans:
 
 
 
Transition obligation
(9
)
(74
)
General and administrative
Prior service cost
(74
)
(78
)
General and administrative
Actuarial losses
(1,289
)
(2,097
)
General and administrative
Actuarial losses on settlement charges
(360
)
—

General and administrative
Total pension and postretirement plans
(1,732
)
(2,249
)
 
Income tax expense
606

788

 
Net of tax
(1,126
)
(1,461
)
 
Total reclassifications for the period
$
1,398

$
1,054

 


 
Six months ended
Six months ended
 
 
June 30, 2014
June 30, 2013
 
(in thousands)
Amounts Reclassified
Line Item Where Presented
Gains (losses) on cash flow hedges:
 
 
 
Commodity contracts
$
9,789

$
21,792

Gain (loss) on derivative instruments, net
Interest rate swap
(2,033
)
(836
)
Interest expense
Total cash flow hedges
7,756

20,956

 
Income tax expense
(3,008
)
(7,989
)
 
Net of tax
4,748

12,967

 
Pension and postretirement plans:
 
 
 
Transition obligation
(19
)
(147
)
General and administrative
Prior service cost
(148
)
(157
)
General and administrative
Actuarial losses*
(2,580
)
(4,350
)
General and administrative
Actuarial losses on settlement charges
(7,622
)
—

General and administrative
Actuarial losses on settlement charges*
—

(375
)
Assets held for sale as of June 30, 2014 with prior period comparable
Total pension and postretirement plans
(10,369
)
(5,029
)
 
Income tax expense
3,630

1,761

 
Net of tax
(6,739
)
(3,268
)
 
Total reclassifications for the period
$
(1,991
)
$
9,699

 
* In the first quarter of 2013, Energen incurred a settlement charge of $0.5 million for the payment of lump sums from the nonqualified supplemental retirement plans, of which $0.1 million was recognized in actuarial losses above and $0.4 million was recognized as a regulatory asset at Alagasco and reported in actuarial losses on settlement charges above.